The End of the U.S. Housing Shortage Is Finally in Sight
A new forecast says for-sale listings will pick up in the second half of next year.
Photographer: Jacob Kepler/Bloomberg
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The shortage of listings that has defined the U.S. home sales market in recent years will begin to ease in the second half of 2018, according to a new report, but not before setting a record for consecutive months of decline.
Increased inventory will help slow price appreciation, especially at higher price points, according to the report, published Wednesday by Realtor.com. That will come as welcome news after the S&P CoreLogic Case-Shiller 20-city index this week showed that prices rose 6.2 percent in September from a year earlier, the largest increase in more than three years.